The Rupee opened weaker on Thursday, driven by the decline in Asian equity and currency markets after U.S. President Donald Trump's imposition of broad-based tariffs. Trump slapped 26% tariffs on imports from India effective from April 9, a component of his comprehensive plan to place duties on all U.S. imports. Trump imposed a 10% baseline tariff on all imports from April 5 and higher duties on certain other countries including 34% on China and 20% on the European Union. The offshore Chinese yuan dropped to a one-month low of 7.3482 versus the U.S. dollar, before recovering marginally to a current rate of 7.32. The dollar slid broadly on Thursday and the euro firmed after President Donald Trump announced more aggressive-than-expected tariffs against U.S. trading partners, jolting the markets as investors sought safe havens such as the yen and Swiss franc. The risk-sensitive Australian dollar fell 0.4% to $0.6274, while the New Zealand dollar slipped 0.12% to $0.5738. The new duties left investors scrambling for shelter in traditional safe havens: the Japanese yen and the Swiss franc. The yen strengthened nearly 1% to 147.99 per dollar, while the Swiss franc was stronger at 0.87815 per dollar. Benchmark 10-year Treasury yields shot down 14 basis points to a five-month low of 4.04% as investors braced for slower U.S. growth, while interest rate futures priced in a higher chance of interest rate cuts in the months ahead. Worries about the impact of an escalating global trade war and a slew of weaker-than-expected U.S. data have stoked recession fears and in turn undermined the dollar this year. The euro, meanwhile, initially surged following the tariff announcements and was last 0.63% higher at $1.091625. Sterling rose 0.42% to $1.30655. The Mexican peso and Canadian dollar were relatively stable in Asian hours. Canada and Mexico, the two largest U.S. trading partners, already face 25% tariffs on many goods and will not face additional levies from Wednesday's announcement. Oil prices dropped $2 on Thursday after U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude. Brent futures fell $1.97, or 2.63%, to $72.98 a barrel by 0033 GMT. U.S. West Texas Intermediate crude futures were down $1.98, or 2.76%, to $69.73.......